Md. Code, Com. § 2-103

Current with changes from the 2024 Legislative Session

Section 2-103 - Definitions and index of definitions

(1) In this title unless the context otherwise requires

(a) "Buyer" means a person who buys or contracts to buy goods.

(b) Reserved.

(c) "Receipt" of goods means taking physical possession of them.

(d) "Seller" means a person who sells or contracts to sell goods.

(2) Other definitions applying to this title or to specified subtitles thereof, and the sections in which they appear are:

"Acceptance." § 2-606.

"Banker's credit." § 2-325.

"Between merchants." § 2-104.

"Cancellation." § 2-106(4).

"Commercial unit." § 2-105.

"Confirmed credit." § 2-325.

"Conforming to contract." § 2-106.

"Contract for sale." § 2-106.

" Cover." § 2-712.

"Entrusting." § 2-403.

"Financing agency." § 2-104.

"Future goods." § 2-105.

" Goods." § 2-105.

"Identification." § 2-501.

"Installment contract." § 2-612.

"Letter of credit." § 2-325.

"Lot." § 2-105.

"Merchant." § 2-104.

"Overseas." § 2-323.

"Person in position of seller." § 2-707.

"Present sale." § 2-106.

"Sale." § 2-106.

"Sale on approval." § 2-326.

"Sale or return." § 2-326.

"Termination." § 2-106.

(3) "Control" as provided in § 7-106 and the following definitions in other titles apply to this title:

" Check." § 3-104.

"Consignee." § 7-102.

"Consignor." § 7-102.

"Consumer goods." § 9-102.

"Dishonor." § 3-502.

" Draft." § 3-104.

(4) In addition Title 1 contains general definitions and principles of construction and interpretation applicable throughout this title.

Md. Code, CL § 2-103